Training Video on Credit and Credit Default
This page contains training videos and training materials on Credit and Credit Default. This training will be of interest to customers who want to understand the Credit Cover arrangements and in particular new BSC Parties before they register their first Balancing Mechanism (BM) Unit.
What is covered in these training videos
- Why BSC Parties need Credit Cover
- The calculation of Credit Cover
- Credit Default
- Consequences of Credit Default
- Payment Default
- Preparing to trade – Credit Cover preparation for new BSC Parties
Video 1: Introduction to Credit Cover
Video 2: Calculation for Non-Credit Qualifying BM Units
Video 3: Calculation for Credit Qualifying BM Units
Video 4: Calculation for Interconnector BM Units
Video 5: Credit Default process
Video 6: Credit information in the Elexon Portal
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